Acadia Healthcare (NASDAQ:ACHC) Stock Price Up 13.9% – What’s Next?

Shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) rose 13.9% on Wednesday. The stock traded as high as $33.65 and last traded at $33.7420. Approximately 1,389,672 shares changed hands during trading, a decline of 51% from the average session volume of 2,807,796 shares. The stock had previously closed at $29.62.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of Acadia Healthcare from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Acadia Healthcare in a research report on Tuesday, October 6th. Guggenheim boosted their target price on Acadia Healthcare from $38.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, July 30th. KeyCorp upped their target price on Acadia Healthcare from $30.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Finally, Leerink Partners raised their price target on Acadia Healthcare from $30.00 to $33.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 23rd. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Acadia Healthcare presently has a consensus rating of “Hold” and an average price target of $30.69.

Acadia Healthcare Stock Performance

The firm’s 50-day moving average is $29.14 and its 200 day moving average is $25.81. The stock has a market cap of $3.02 billion, a PE ratio of -2.60, a P/E/G ratio of 9.54 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.57 and a current ratio of 1.57.

Institutional Investors Weigh In On Acadia Healthcare

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP acquired a new stake in shares of Acadia Healthcare during the second quarter worth about $45,000. Global Retirement Partners LLC acquired a new position in Acadia Healthcare in the 2nd quarter valued at about $68,000. Integrated Wealth Concepts LLC acquired a new position in Acadia Healthcare in the 2nd quarter valued at about $79,000. Quantbot Technologies LP acquired a new position in Acadia Healthcare in the 2nd quarter valued at about $88,000. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in Acadia Healthcare by 20.7% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,209 shares of the company’s stock valued at $88,000 after acquiring an additional 550 shares during the last quarter.

About Acadia Healthcare

Acadia Healthcare Company, Inc is a provider of behavioral healthcare services headquartered in Franklin, Tennessee. The company operates psychiatric hospitals, specialty treatment facilities and outpatient programs focused on mental health and substance use disorders.

Acadia’s services include inpatient and outpatient psychiatric care, addiction treatment, residential treatment, eating-disorder programs, and services for children and adolescents. Its facilities serve patients with a range of behavioral health conditions, including depression, anxiety, trauma-related disorders and substance use disorders.

Founded in 2005, Acadia operates primarily in the United States and also has a significant presence in the United Kingdom through its ownership of Priory, a behavioral healthcare provider.